A Study on Financial Management in Promoting Sustainable Business Practices & Development

This study fundamentally suggests how financial management is imperative in the sustainability process. The research is based on the necessity of disclosure of sustainability reports, basing financial decisions on corporate sustainability in capital budgeting and related aspects and the measurement as well mitigation of sustainability risks. The connect between financial growth and sustainability is provided as well as case analysis of the Islamic and Western financial model systems broken down for the analysis of the relevance of the concepts in the real world. Finally, the research elaborates a predictive model guideline for distress identification and evaluation in various firms for various interest parties as a function of non-financial and macroeconomic elements.